Namibia’s central bank governor has cautioned that rising tensions between the U.S. and South Africa could have a destabilizing effect on Namibia’s economy. Namibia’s central bank governor warns of destabilizing effect on the economy due to rising tensions between the U.S. and South Africa. Namibian dollar is pegged to the South African rand, making it…
China and European Union member countries have pledged their support for South Africa following the recent sanctions announced by the United States. China and E.U. express support for South Africa U.S. imposed sanctions due to disagreement over South Africa’s land reform policies European Union pledges readiness to strengthen ties and support South Africa’s leadership of…
The Democratic Republic of Congo (DRC) has challenged Rwanda’s bid to host the Formula 1 Grand Prix, urging the host to terminate discussions. DRC is challenging Rwanda’s bid to host the Formula 1 Grand Prix DRC warns that Formula 1 risks having its brand ‘smeared by a blood-stained association’ if it allows Rwanda to host…
While some governments opt to spend less money on defense in favor of other sectors such as healthcare, education, and infrastructure, a chronically low military budget can expose a country to major threats. Business Insider Africa presents the top 10 countries with the cheapest militaries in 2025. This list is courtesy of Global Firepower. Bhutan…
A newly released ranking of airline on-time performance (OTP) for January 2025 has identified EgyptAir as one of the least punctual carriers during the period. Business Insider Africa presents the least punctual airlines in January 2025 The ranking is courtesy OAG Aviation An African carrier, EgyptAir was identified as one of the most delayed airlines…
Nigerian business mogul Tony Elumelu is doubling down on his belief that Africa is the best place to invest, stressing the continent’s massive opportunities and unbeatable returns. Tony Elumelu champions Africa as top investment destination at World Government Summit. He stressed Africa’s high return on investment (ROI) and vast opportunities in key sectors. Urges business…
A recent report has ranked African countries based on the economic shocks they experienced in 2024. The UNCTAD report ranks African countries based on economic shocks experienced in 2024 African economies face external shocks due to commodity dependency, high debt, and limited technological infrastructure The most vulnerable countries to economic shocks include Mozambique, Zambia, Angola,…
A recent report revealed that Uganda is facing a 300 billion shillings ($82 million) funding deficit in its HIV relief programs. Uganda faces a $82 million funding deficit for HIV relief programs. USAID elimination by President Trump has led to global aid cuts, including to Uganda’s health sector. US funding contributed $417 million to Uganda’s…
Nigeria’s Air Peace and the International airline, Emirates, have come to a joint agreement intended to ease travel to and from Nigeria. Emirates and Air Peace have agreed to expand Emirates’ network to 13 new sites in Nigeria. Passengers will have seamless single-ticket travel and simplified baggage between Dubai and various Nigerian cities. The collaboration…
